Finding Text
2024-003 Late Return of Title IV Funds (R2T4) Significant Deficiency
DEPARTMENT OF EDUCATION
ALN #: 84.268
Federal Award Identification #: 2023-2024 Award Year
Condition: When students withdrew either officially or unofficially, the College did not always return unearned Title IV aid.
Criteria: 34 CFR 668.22
Questioned Costs: $2,817
Context: Out of 26 students tested for timely return of Title IV funding, 2 students who withdrew before the 60% mark of the term did not have an R2T4 completed. This resulted in $2,817 of unsubsidized loans that need to be returned to the Department of Education.
Cause: This was an oversight by the College.
Effect: Returns of federal funding were not made.
Identification as repeat finding, if applicable: 2023-002
Recommendation: We recommend the College review all students with zero credits in a term at the end of the term to determine if they unofficially withdrew and if a return was necessary.
Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding. See corrective action plan.